sebi:WTM/MPB/ISD/52/2018
Facts / Headnote
Interim directions issued vide ad interim ex parte order dated November 01, 2017 confirmed against 9 noticees; proceedings against Mr. Ram Lal Gupta dropped as prima facie findings not sustainable (deceased since January 21, 2010).
Provisions invoked
- s. 11(4)
- s. 19
- s. 12(1)
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 2(1)(c)
- SEBI (PFUTP) Regulations, 2003 — 3(a)
- SEBI (PFUTP) Regulations, 2003 — 3(b)
- SEBI (PFUTP) Regulations, 2003 — 3(c)
- SEBI (PFUTP) Regulations, 2003 — 3(d)
- SEBI (PFUTP) Regulations, 2003 — 4(1)
- SEBI (PFUTP) Regulations, 2003 — 4(2)(f)
- SEBI (PFUTP) Regulations, 2003 — 4(2)(r)
- SEBI (Research Analysts) Regulations, 2014 — 2(u)
- SEBI (Research Analysts) Regulations, 2014 — 3(1)
Parties
- Goldleaf International Pvt. Ltd.
- Sanjay Gupta
- Ajay Gupta
- Shikha Gupta
- Gautam Gupta
- Neeleshkumar Radheshyam Lahoti
- Kajal Rai
- Future Fintrade (represented by Preyesh Mehta)
- Mohsin
Holding
The interim restraint directions against the 9 noticees (excluding the deceased Mr. Ram Lal Gupta) are confirmed pending completion of investigation, as their acts and omissions in the bulk-SMS pump-and-dump scheme in the scrip of Supreme Tex Mart Ltd. are prima facie fraudulent and in contravention of Sections 12A(a), (b) and (c) of the SEBI Act and the PFUTP Regulations.
Full text
_____________________________________________________________________________________________________________ Confirmatory Order in the matter of Supreme Tex Mart Ltd. Page 2 of 34
_____________________________________________________________________________________________________________ Confirmatory Order in the matter of Supreme Tex Mart Ltd. Page 3 of 34
_____________________________________________________________________________________________________________ Confirmatory Order in the matter of Supreme Tex Mart Ltd. Page 4 of 34
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/MPB/ISD/52/2018. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.